TQQQ vs. DFIVX

Last updated Jun 16, 2026

TQQQ (ProShares UltraPro QQQ) and DFIVX (DFA International Value Portfolio Institutional Class) are both funds - TQQQ is a Leveraged Equities fund tracking the NASDAQ-100 Index (300%), while DFIVX is a Foreign Large Cap Equities fund actively managed by Dimensional. TQQQ is passively managed, while DFIVX is actively managed. Over the past 10 years, TQQQ returned 46.35%/yr vs 12.41%/yr for DFIVX. A 0.63 correlation means they provide meaningful diversification when combined. TQQQ charges 0.95%/yr vs 0.28%/yr for DFIVX.

Performance

TQQQ vs. DFIVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraPro QQQ (TQQQ) and DFA International Value Portfolio Institutional Class (DFIVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TQQQ achieves a 60.72% return, which is significantly higher than DFIVX's 12.49% return. Over the past 10 years, TQQQ has outperformed DFIVX with an annualized return of 46.35%, while DFIVX has yielded a comparatively lower 12.41% annualized return.

TQQQ

• 1D: 9.12%
• 1M: 12.28%
• YTD: 60.72%
• 6M: 63.13%
• 1Y: 133.92%
• 3Y*: 62.54%
• 5Y*: 26.58%
• 10Y*: 46.35%

DFIVX

• 1D: 0.82%
• 1M: 1.65%
• YTD: 12.49%
• 6M: 13.52%
• 1Y: 35.31%
• 3Y*: 23.46%
• 5Y*: 14.18%
• 10Y*: 12.41%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TQQQ vs. DFIVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TQQQ ProShares UltraPro QQQ	60.72%	34.35%	58.27%	198.04%	-79.09%	82.98%	110.05%	133.84%	-19.79%	118.06%
DFIVX DFA International Value Portfolio Institutional Class	12.49%	45.24%	6.87%	17.83%	-3.51%	18.57%	-2.13%	15.68%	-17.49%	26.08%

Correlation

The correlation between TQQQ and DFIVX is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.57
Correlation (10Y) Calculated over the trailing 10-year period	0.58
Correlation (All Time) Calculated using the full available price history since Feb 11, 2010	0.63

The correlation between TQQQ and DFIVX has been stable across timeframes, ranging from 0.54 to 0.63 - a consistent structural relationship.

Return for Risk

TQQQ vs. DFIVX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TQQQ

TQQQ Risk / Return Rank: 75
TQQQ Sharpe Ratio Rank: 89
TQQQ Sortino Ratio Rank: 69
TQQQ Omega Ratio Rank: 71
TQQQ Calmar Ratio Rank: 78
TQQQ Martin Ratio Rank: 70

DFIVX

DFIVX Risk / Return Rank: 82
DFIVX Sharpe Ratio Rank: 84
DFIVX Sortino Ratio Rank: 79
DFIVX Omega Ratio Rank: 77
DFIVX Calmar Ratio Rank: 85
DFIVX Martin Ratio Rank: 86

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TQQQ vs. DFIVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro QQQ (TQQQ) and DFA International Value Portfolio Institutional Class (DFIVX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	TQQQ	DFIVX	Difference
Sharpe ratio: Return per unit of total volatility	2.60	2.41	+0.19
Sortino ratio: Return per unit of downside risk	2.80	3.25	-0.45
Omega ratio: Gain probability vs. loss probability	1.38	1.43	-0.05
Calmar ratio: Return relative to maximum drawdown	3.64	3.58	+0.06
Martin ratio: Return relative to average drawdown	11.67	13.95	-2.28

TQQQ vs. DFIVX - Sharpe Ratio Comparison

The current TQQQ Sharpe Ratio is 2.60, which is comparable to the DFIVX Sharpe Ratio of 2.41. The chart below compares the historical Sharpe Ratios of TQQQ and DFIVX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TQQQ vs. DFIVX - Drawdown Comparison

The maximum TQQQ drawdown since its inception was -81.66%, which is greater than DFIVX's maximum drawdown of -66.61%. Use the drawdown chart below to compare losses from any high point for TQQQ and DFIVX.

Drawdown Indicators

	TQQQ	DFIVX	Difference
Max Drawdown Largest peak-to-trough decline	-81.66%	-66.61%	-15.05%
Max Drawdown (1Y) Largest decline over 1 year	-36.97%	-9.58%	-27.39%
Max Drawdown (3Y) Largest decline over 3 years	-58.04%	-14.39%	-43.65%
Max Drawdown (5Y) Largest decline over 5 years	-81.66%	-25.29%	-56.37%
Max Drawdown (10Y) Largest decline over 10 years	-81.66%	-48.11%	-33.55%
Current Drawdown Current decline from peak	-3.02%	-0.74%	-2.28%
Average Drawdown Average peak-to-trough decline	-18.51%	-12.23%	-6.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.52%	2.46%	+9.06%

Volatility

TQQQ vs. DFIVX - Volatility Comparison

ProShares UltraPro QQQ (TQQQ) has a higher volatility of 24.33% compared to DFA International Value Portfolio Institutional Class (DFIVX) at 4.52%. This indicates that TQQQ's price experiences larger fluctuations and is considered to be riskier than DFIVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TQQQ	DFIVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.33%	4.52%	+19.81%
Volatility (6M) Calculated over the trailing 6-month period	42.10%	11.41%	+30.69%
Volatility (1Y) Calculated over the trailing 1-year period	51.92%	14.27%	+37.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.15%	16.36%	+50.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	66.30%	18.00%	+48.30%

TQQQ vs. DFIVX - Expense Ratio Comparison

TQQQ has a 0.95% expense ratio, which is higher than DFIVX's 0.28% expense ratio.

Dividends

TQQQ vs. DFIVX - Dividend Comparison

TQQQ's dividend yield for the trailing twelve months is around 0.37%, less than DFIVX's 3.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFIVX DFA International Value Portfolio Institutional Class	3.74%	4.21%	3.94%	4.40%	3.78%	4.37%	2.42%	3.70%	6.60%	2.85%	3.36%	3.45%
TQQQ ProShares UltraPro QQQ	0.37%	0.65%	1.27%	1.26%	0.57%	0.00%	0.00%	0.06%	0.11%	0.00%	0.00%	0.01%

Frequently Asked Questions

Can I hold both TQQQ and DFIVX in my portfolio?

TQQQ and DFIVX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TQQQ or DFIVX?

TQQQ has higher volatility (24.33%) compared to DFIVX (4.52%). In terms of maximum drawdown, TQQQ dropped -81.66% vs DFIVX's -66.61%.

Which has better risk-adjusted returns?

TQQQ currently has the higher Sharpe Ratio (2.60 vs 2.41), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.